Chapter 4 accounting for merchandising BUSINESSES Problems P4–1 1. AQUA CO. Income Statement For the Year Ended June 30‚ 20Y8 Revenue from sales: Sales $ 3‚625‚000 Less: Sales returns and allowances $ 37‚800 Sales discounts 20‚200 58‚000 Net sales $ 3‚567‚000 Cost of merchandise sold 2‚175‚000 Gross profit $ 1‚392‚000 Operating expenses: Selling expenses: Sales salaries expense $ 388‚800 Advertising expense 45‚900 Depreciation expense—store equipment 8‚300
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Describe the social implications of business ethics facing Marks and Spencer in its different areas of activity. Ethics must be global‚ not local. In order to build a truly great global business the leaders need to bring forward a global standard of ethical practices. The only way to build a great global company is with a single global standard of business practices‚ vigorously communicated and rigorously enforced. Companies must layout the same business standards in Chicago‚ Paris‚ and Shanghai
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Unit 3 P1 Describe how marketing techniques are used in the marketing of products in two organisations Product cycle Introduction The businesses and products I chose happened to be‚ Nike and their Mercurial football boots‚ and Sony and their PS3 gaming console. I chose these products because I think they are both reasonably diverse‚ and in their time‚ both these products have experienced a range of sections within the product life cycle. For example‚ due to Nike’s football boots having to be constantly
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P1: Describe how marketing techniques are used to make products in two organisations. Ansoff Growth technique; Below are the four descriptions; • Market Penetration Market Penetration is an existing product to the existing customers. It is increasing revenue‚ through different ways. For example‚ promoting the product‚ re packaging the items‚ repositioning the brand‚ price drops and much more. But the product is not altered and do not seek any new customers. • Market Development Market
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Contents P1 Introduction When working in a health and social environment‚ it is important that the surrounding nature is safe and free of any potential harm. A hazard is something that can possibly cause you this danger. Hazards range from something being misplaced to a broken object. When identifying a hazard‚ risk assessments would take place to find out the best and quickest solution to prevent any danger. The definition of a risk is the probability
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(when it is realized or realizable‚ when it is earned) Revenue Recognition at point of sale: (1) Sales with Discounts (2) Sales with Right of Return: Three alternative revenue recognition methods‚ and recognize revenue only if all of six condition (3) Sales with buybacks (4) Bill and Hold Sales: buyer is not yet ready to take delivery but does take title and accept billing. Revenue is reported at the time title passes if (a) the risks of ownership have passed; (b) the buyer makes a fixed commitment
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Assess the hazards identified in the health and social care setting. And make recommendations in relation to identified hazards to minimise the risks to the service user group. M2 and D1 In this assignment I will be assessing the hazards identified in the health and social care setting. The first potential hazard I saw whilst carrying out a risk assessment whilst at a health and social care setting was a wet floor. As the floor was wet it was a hazard and had many risks to it‚ which could have
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Unit 1- an introduction to working with children E1 and E2- the three different types of settings which provide care and education for children in an statutory sector‚ voluntary sector and private sector. Statutory sector: These have to be available for children to attend to by law without having to pay financial fee’s. This is the job of the secretary state‚ to make sure that the statutory services are provided and available. They are funded by the government. Examples of a statutory sector
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UNIT 3: INTRODUCTION TO MARKETING P1 In this task I am going to describe how marketing techniques are used to market products in two organisations I have selected which are Tesco and MacDonald’s. Tesco is an international grocery and a general merchandising retailer in the United Kingdom. It’s the third largest retailer in the world and the second largest by profits. There are Tesco stores in fourteen countries in North America‚ Asia and Europe. Tesco are also known for being the grocery market
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Area 2 (p2) As a large Publicly-owned organisation‚ Bridgend College has a number of different types of stakeholders. To ensure that Bridgend College has to carefully manage these stakeholders. Customers (students)= with out students there would be no Bridgend college. Students are the customers of Bridgend College‚ the college depends upon the students and the success that they achieve both while at college and to a extent after they finish their education in order to keep the co college up
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